Quote:
Originally Posted by cral12
|
Toronto is the only success story, but that market is so huge naming rights alone are worth $800m.
Ottawa went bankrupt. Vancouver and Montreal continued to lose money and was forced to sell at losses to stop the bleeding.
Winnipeg started with $40m public money, but added another $100m 8 years later because True North was struggling with the debt. That adds up to more than the original cost of the building.
So yes, they were all privately funded but all failed except for Toronto.